Revenue
2024
2025
2026
| 2026 | 2025 | 2024 | |
|---|---|---|---|
| Revenue | $365.0M | $308.9M | $216.7M |
| Gross profit | $327.0M | $277.9M | $193.8M |
| Gross margin | 89.59% | 89.97% | 89.43% |
| Research & development | $212.4M | $64.5M | $57.6M |
| Operating expenses | $476.2M | $187.4M | $135.1M |
| Operating income | −$111.2M | $121.5M | $81.6M |
| Operating margin | −30.46% | 39.33% | 37.64% |
| EBITDA | −$93.0M | $148.3M | $86.6M |
| EBITDA margin | −25.47% | 48.01% | 39.97% |
| Net income | −$42.1M | $194.4M | $77.0M |
| Net profit margin | −11.53% | 62.96% | 35.52% |
| Basic EPSper basic share | -$0.74 | $4.99 | $2.06 |
| Diluted EPSper diluted share | -$0.76 | $1.31 | $0.54 |
Reported shareholders
| Holder | % owned |
|---|---|
RACHLEFF ANDREW S | ≈11.56%17.26M shares |
TIGER GLOBAL MANAGEMENT LLC | ≈10.15%15.16M shares |
DAG Ventures IV-QP, L.P. / Cadeddu John J. / DAG Ventures IV, L.P. / Goodrich R. Thomas / DAG Ventures IV-A, LLC / DAG Ventures Management IV, LLC | ≈9.25%13.81M shares |
DAG VENTURES, LLC | ≈9.25%13.81M shares |
Volpi Michelangelo | ≈8.64%12.91M shares |
Index Venture Associates VI Ltd | ≈6.33%9.46M shares |
BlackRock, Inc. | ≈5.60%8.36M shares |
Ribbit Management Company, LLC | ≈3.67%5.48M shares |
WELLINGTON MANAGEMENT GROUP LLP | ≈2.82%4.21M shares |
FMR LLC | ≈2.52%3.77M shares |
T. Rowe Price Investment Management, Inc. | ≈2.33%3.47M shares |
JPMORGAN CHASE & CO | ≈2.00%2.99M shares |
IEQ CAPITAL, LLC | ≈1.85%2.76M shares |
North Reef Capital Management LP | ≈1.64%2.44M shares |
CITADEL ADVISORS LLC | ≈1.56%2.34M shares |
Fortunato David | ≈1.31%1.96M shares |
VANGUARD CAPITAL MANAGEMENT LLC | ≈1.07%1.6M shares |
STATE STREET CORP | ≈0.90%1.34M shares |
UBS Group AG | ≈0.69%1.03M shares |
GEODE CAPITAL MANAGEMENT, LLC | ≈0.69%1.03M shares |
Percentages use 149.36M shares of this listed class outstanding on Jun 11, 2026. ≈ compares the latest reported holding with a share total from a different date; it is not a confirmed current stake.
Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Jun 17, 2026Form 4 · 10b5-1 | Lin LaurenCLO, CCO and Secretary | SellCommon Stock | 4.8K | $8.45 | $40.9K | 158.1K |
| Jun 17, 2026Form 4 · 10b5-1 | Wetterwald JulienChief Technology Officer | SellCommon Stock | 39.8K | $8.46 | $336.8K | 727.1K |
| Jun 17, 2026Form 4 · 10b5-1 | IYER KALVP, Engineering | SellCommon Stock | 28.5K | $8.46 | $241.1K | 225.8K |
| Jun 15, 2026Form 4 · 10b5-1 | IYER KALVP, Engineering | SellCommon Stock | 45.8K | $8.92 | $408.3K | 254.3K |
| Jun 15, 2026Form 4 · 10b5-1 | WILSON L MICHELLEDirector | SellCommon Stock | 638 | $9.12 | $5.8K | 7.9K |